<ul><li>Ethereum’s Pectra upgrade is scheduled for early April 2025 and includes eleven new features including blob expansion and smart wallet capabilities.</li><li>Options traders are positioning bullishly for the upgrade, with a 14% chance of ETH hitting $4,000 by April.</li><li>Recent data shows substantial ETH accumulation with 367,000 ETH moved off exchanges on February 5.</li><li>Analysts suggest ETH may need 2-3 months of sideways movement and re-accumulation before attempting new highs.</li></ul>

Ethereum’s Technical Analysis Points to Extended Consolidation Period

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